1475 1st Ave New York, NY 10075-2201
- Retail residential properties
- 6,903 SF
- 0.05 lot acres
Feb 14, 2025
Current Use by Public Records
- Retail residential properties
Property Details for 1475 1st Ave
- Year built
- 1910
- Lot size
- 0.05 lot acres
- Property size
- 6,903 SF
- Zone code
- C2-8
- Property type
- Retail residential properties
- APN
- 01451-0030
- APU
- 14510030
Description
This exceptional 2,500 square foot restaurant space at 1475 First Avenue presents a rare opportunity for discerning restaurateurs. Located on a highly desirable corner at the intersection of First Avenue and 77th Street in Manhattan's Upper East Side, this single-tenant property boasts an enviable location within a thriving restaurant row. The space features a stylish and impeccably designed interior, including a substantial dining area extending onto 77th Street, a fully built bar, a reception area, a dedicated staff section, and a large, vented kitchen. The significant advantage of this property extends beyond the main floor. A fully built-out basement offers expansive potential. This lower level includes multiple walk-in refrigerators, a prep kitchen, a wine cellar, and an administrative office. The basement's considerable size also presents opportunities for private events or other supplementary functions. The high foot traffic of this triple-prime avenue location ensures significant visibility and accessibility for any establishment. This turnkey restaurant is ready for immediate occupancy, offering a unique chance to establish a successful culinary venture in one of Manhattan's most coveted neighborhoods.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,665,000
- 6.5%
- $3,385,000
- 7%
- $3,145,000
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Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.954
- Latitude
- 40.771
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA